Did you know?
Claiming auto expenses is beneficial to reducing your taxable business income. Auto expenses include fuel and oil, license and registration, maintenance and repair, insurance, car washes, parking, tolls, interest paid on an auto loan and leasing costs. Be sure not to miss out on these costly expenses by being sure to save every receipt.
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Did you know?
As a self-employed professional you can deduct the cost of any business-related courses you take. This includes any course or class that can be used to improve your bottom line.
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Did you know?
When claiming meals and entertainment expenses, be sure to write down the name of the person you were with, for example, “potential client Jane Smith.” Getting into this habit will help to audit-proof your return.
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